Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open JPMorgan Chase (JPM) May Week Four (5/27) 121 Put for around $0.74. You can go as low as $0.65, but please don’t start there and always use limit orders. (Current stock price: $124.99)
TRADE TWO*: Sell to open the Roku (ROKU) Jun Week One (6/3) 60 Put for around $0.59 and buy to open the ROKU Jun Week One (6/3) 55 Put for around $0.28. Set initial credit limit at $0.31. (Current stock price: $77.91)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.